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Updated 1 hour ago

First & Banks

VERIFIED

705 1st Ave SW Rochester, MN

Studio - 3 Bed
•
1 - 2 Bath

507 - 1,739 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,545 - $1,745
532 ft2
16 Available
Managed By: First & B of Rochester LLC
Unit 639
$1,595
Available Now
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Unit 614
$1,655
Available Now
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Unit 714
$1,745
Available Now
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Unit 722
$1,745
Available Now
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Unit 739
$1,745
Available Now
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Unit 314
$1,545
Available Now
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Unit 318
$1,595
Available Now
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Unit 419
$1,595
Available Now
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Unit 439
$1,595
Available Now
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Unit 519
$1,595
Available Now
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Unit 539
$1,595
Available Now
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Unit 322
$1,655
Available Now
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Unit 414
$1,655
Available Now
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Unit 422
$1,655
Available Now
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Unit 514
$1,655
Available Now
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Unit 522
$1,655
Available Now
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View Rented Units
Studio • 1 Bath
$1,775 - $2,000
711 ft2
15 Available
Managed By: First & B of Rochester LLC
Unit 602
$1,850
Available Now
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Unit 616
$1,850
Available Now
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Unit 629
$1,850
Available Now
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Unit 702
$2,000
Available Now
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Unit 716
$2,000
Available Now
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Unit 729
$2,000
Available Now
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Unit 302
$1,775
Available Now
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Unit 316
$1,775
Available Now
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Unit 329
$1,850
Available Now
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Unit 402
$1,850
Available Now
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Unit 416
$1,850
Available Now
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Unit 429
$1,850
Available Now
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Unit 502
$1,850
Available Now
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Unit 516
$1,850
Available Now
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Unit 529
$1,850
Available Now
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Studio • 1 Bath
$1,425
507 ft2
1 Available
Managed By: First & B of Rochester LLC
Unit 327
$1,425
Available Now
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1 Bed • 1 Bath
$1,795 - $2,070
701 ft2
6 Available
Managed By: First & B of Rochester LLC
Unit 623
$1,795
Available Now
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Unit 638
$1,980
Available Now
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Unit 738
$2,070
Available Now
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Unit 338
$1,980
Available Now
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Unit 438
$1,980
Available Now
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Unit 538
$1,980
Available Now
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1 Bed • 1 Bath
$1,795 - $2,010
707 ft2
64 Available
Managed By: First & B of Rochester LLC
Unit 613
$1,860
Available Now
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Unit 615
$1,860
Available Now
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Unit 617
$1,860
Available Now
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Unit 618
$1,860
Available Now
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Unit 621
$1,860
Available Now
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Unit 627
$1,860
Available Now
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Unit 631
$1,860
Available Now
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Unit 633
$1,860
Available Now
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Unit 635
$1,860
Available Now
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Unit 626
$1,920
Available Now
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Unit 628
$1,920
Available Now
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Unit 630
$1,920
Available Now
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Unit 640
$1,920
Available Now
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Unit 718
$2,010
Available Now
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Unit 721
$2,010
Available Now
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Unit 723
$2,010
Available Now
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Unit 726
$2,010
Available Now
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Unit 727
$2,010
Available Now
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Unit 728
$2,010
Available Now
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Unit 730
$2,010
Available Now
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Unit 731
$2,010
Available Now
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Unit 733
$2,010
Available Now
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Unit 735
$2,010
Available Now
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Unit 740
$2,010
Available Now
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Unit 333
$1,795
Available Now
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Unit 313
$1,850
Available Now
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Unit 315
$1,850
Available Now
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Unit 317
$1,850
Available Now
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Unit 321
$1,850
Available Now
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Unit 323
$1,850
Available Now
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Unit 331
$1,850
Available Now
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Unit 335
$1,850
Available Now
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Unit 413
$1,850
Available Now
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Unit 415
$1,850
Available Now
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Unit 417
$1,850
Available Now
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Unit 418
$1,850
Available Now
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Unit 421
$1,850
Available Now
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Unit 423
$1,850
Available Now
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Unit 427
$1,850
Available Now
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Unit 431
$1,850
Available Now
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Unit 433
$1,850
Available Now
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Unit 435
$1,850
Available Now
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Unit 513
$1,860
Available Now
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Unit 515
$1,860
Available Now
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Unit 517
$1,860
Available Now
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Unit 518
$1,860
Available Now
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Unit 521
$1,860
Available Now
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Unit 523
$1,860
Available Now
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Unit 531
$1,860
Available Now
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Unit 533
$1,860
Available Now
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Unit 535
$1,860
Available Now
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Unit 527
$1,860
Available Now
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Unit 326
$1,910
Available Now
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Unit 328
$1,910
Available Now
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Unit 330
$1,910
Available Now
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Unit 340
$1,910
Available Now
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Unit 426
$1,910
Available Now
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Unit 428
$1,910
Available Now
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Unit 430
$1,910
Available Now
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Unit 440
$1,910
Available Now
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Unit 526
$1,920
Available Now
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Unit 530
$1,920
Available Now
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Unit 540
$1,920
Available Now
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Unit 528
$1,920
Available Now
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1 Bed • 1 Bath
$1,865 - $1,925
696 ft2
16 Available
Managed By: First & B of Rochester LLC
Unit 607
$1,865
Available Now
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Unit 609
$1,865
Available Now
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Unit 632
$1,925
Available Now
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Unit 634
$1,925
Available Now
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Unit 307
$1,865
Available Now
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Unit 309
$1,865
Available Now
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Unit 407
$1,865
Available Now
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Unit 409
$1,865
Available Now
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Unit 507
$1,865
Available Now
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Unit 509
$1,865
Available Now
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Unit 332
$1,925
Available Now
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Unit 334
$1,925
Available Now
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Unit 432
$1,925
Available Now
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Unit 434
$1,925
Available Now
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Unit 532
$1,925
Available Now
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Unit 534
$1,925
Available Now
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1 Bed • 1 Bath
$1,995
772 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 611
$1,995
Available Now
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Unit 311
$1,995
Available Now
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Unit 511
$1,995
Available Now
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Unit 411
$1,995
Available Now
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1 Bed • 1 Bath
$2,005 - $2,095
753 ft2
16 Available
Managed By: First & B of Rochester LLC
Unit 604
$2,005
Available Now
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Unit 606
$2,005
Available Now
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Unit 608
$2,005
Available Now
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Unit 610
$2,005
Available Now
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Unit 704
$2,095
Available Now
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Unit 706
$2,095
Available Now
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Unit 708
$2,095
Available Now
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Unit 710
$2,095
Available Now
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Unit 404
$2,005
Available Now
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Unit 406
$2,005
Available Now
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Unit 408
$2,005
Available Now
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Unit 410
$2,005
Available Now
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Unit 504
$2,005
Available Now
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Unit 506
$2,005
Available Now
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Unit 508
$2,005
Available Now
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Unit 510
$2,005
Available Now
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2 Beds • 2 Bath
$2,625 - $2,675
1056 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 601
$2,675
Available Now
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Unit 301
$2,625
Available Now
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Unit 401
$2,675
Available Now
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Unit 501
$2,675
Available Now
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2 Beds • 2 Bath
$2,710 - $2,800
1067 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 612
$2,710
Available Now
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Unit 712
$2,800
Available Now
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Unit 412
$2,710
Available Now
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Unit 512
$2,710
Available Now
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2 Beds • 2 Bath
$2,725 - $2,825
1084 ft2
5 Available
Managed By: First & B of Rochester LLC
Unit 641
$2,725
Available Now
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Unit 741
$2,825
Available Now
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Unit 341
$2,725
Available Now
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Unit 441
$2,725
Available Now
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Unit 541
$2,725
Available Now
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2 Beds • 2 Bath
$2,650 - $2,760
1069 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 600
$2,760
Available Now
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Unit 300
$2,650
Available Now
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Unit 400
$2,760
Available Now
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Unit 500
$2,760
Available Now
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View Rented Units
2 Beds • 2 Bath
$2,890 - $3,045
1203 ft2
9 Available
Managed By: First & B of Rochester LLC
Unit 625
$2,895
Available Now
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Unit 720
$3,045
Available Now
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Unit 725
$3,045
Available Now
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Unit 325
$2,890
Available Now
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Unit 425
$2,890
Available Now
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Unit 525
$2,890
Available Now
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Unit 320
$2,990
Available Now
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Unit 420
$2,990
Available Now
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Unit 520
$2,990
Available Now
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View Rented Units
View More
3 Beds • 2 Bath
$3,795
1280 ft2
4 Available
Managed By: First & B of Rochester LLC
Unit 636
$3,795
Available Now
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Unit 336
$3,795
Available Now
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Unit 436
$3,795
Available Now
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Unit 536
$3,795
Available Now
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3 Beds • 2 Bath
$3,195
1388 ft2
1 Available
Managed By: First & B of Rochester LLC
Unit 104
$3,195
Available Now
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3 Beds • 2 Bath
$3,875
1375 ft2
2 Available
Managed By: First & B of Rochester LLC
Unit 405
$3,875
Available Now
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Unit 505
$3,875
Available Now
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View Rented Units
Where you'll live
Street View
Map View
Satellite View
First & Banks
First & Banks
First & Banks
Amenities
Fitness Center
Bike Storage
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $500
Property details
Description

Find the ultimate home sanctuary in Rochester, MN. First & Banks offers spacious studio, 1, 2 and 3-bedroom apartments with sophisticated finishes and all-inclusive access to intentional on-site amenities. The property also features premium two-story walk-out units and seventh-floor penthouse units with upgraded finishes.
The pet-friendly community is located three blocks from the Mayo Clinic and within walking distance to downtown. Enjoy park views and access to walking paths, tennis courts, a playground and a recently completed aquatics center.
Unit features: elevated 9-foot ceilings, walk-in closets, in-home washer & dryer, upgraded painted cabinetry, open-concept living spaces and stainless steel appliance package. Select units have upgraded finishes and features.
Community amenities: fitness & yoga studio, third-story amenity deck with grilling stations and spa, grab-and-go mini market, grand lobby with dedicated mail and package room, bike storage, community clubroom with kitchen and fireplace, multi-sports simulator, pool table, outdoor courtyard, exclusive seventh-floor amenity deck and clubroom and makers crafting room.

Additional Details
Total Unit Count: 219
Last Updated: Updated 1 hour ago
Contact Number: (507) 516-1027 ext: 5
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Charter Communications 940.0 35.0
ViaSat, Inc. 100.0 3.0
Hiawatha Broadband Communications, Inc. 40.0 10.0
Hughes Network Systems, LLC 25.0 3.0
CenturyLink, Inc. 15.0 0.75
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for First & Banks by bedroom type below.
Studio
Suggested income:
$62,700
per year
1 Bedroom
Suggested income:
$69,400
per year
2 Bedroom
Suggested income:
$109,700
per year
3 Bedroom
Suggested income:
$134,400
per year
Rent report

First & Banks Rent vs. Rochester Average

 First & Banks      Rochester Average
Studio
$1,742
$1,639
$0
$600
$1,200
$1,800
$2,400
1BR
$1,929
$1,717
$0
$650
$1,300
$1,950
$2,600
2BR
$3,047
$2,105
$0
$1,000
$2,000
$3,000
$4,000
3BR
$3,732
$2,210
$0
$1,250
$2,500
$3,750
$5,000

First & Banks is asking 6% more than the average studio apartment in Rochester.

If you upsized to an average priced Rochester 1 bedroom apartment, you would pay 5% more per month.

First & Banks provides 3% more square footage than the average Rochester studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
First & Banks
Studio $1,742 $2.80 $5,227
1BR $1,929 $2.70 $5,788
2BR $3,047 $2.50 $9,140
3BR $3,732 $2.80 $11,196
Rochester Average
Studio $1,639 $2.80 $4,917
1BR $1,717 $2.40 $5,152
2BR $2,105 $1.90 $6,314
3BR $2,210 $1.40 $6,629
4BR $3,207 $1.30 $9,622

Availability in Rochester

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 253 1BR units on the market in Rochester. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
10% 42% 38% 6% 2%
Available Units in Rochester
Studio 58
1BR 253
2BR 230
3BR 37
4BR 14
Location
Nearby College

Rochester Community And Technical College

Nearby Hospitals
Name Distance
Mayo Clinic Hospital Methodist Campus 0.59 mi.
Mayo Clinic Hospital Rochester St Mary's Campus 0.95 mi.
Olmsted Medical Center 1.31 mi.
Nearby Fire Stations
Name Distance
Rochester Fire Department 4.34 mi.
Rochester Airport Fire Department 4.34 mi.
Rochester Airport Fire Department 7.23 mi.
FAQs
Is this property currently leasing units?
Yes. There are 207 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 207 units available for move-in over the next 2 months. 206 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 507 to 1,739 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,425 to $4,000. First & Banks has studio units available starting at $1,425, 1 bedroom units available starting at $1,795, 2 bedroom units available starting at $2,625, and 3 bedroom units available starting at $3,195.
Where is this property located?
This property is at 705 1st Ave SW in Rochester, MN. It's 0.4 miles southwest from the center of Rochester.
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